Interesting new statistics on the San Fernando Valley housing numbers. Basic economics... the market and pricing are based on supply and demand. Because of tight inventory, multiple offers have been driving up prices on San Fernando Valley real estate. The inventory level is still historically low ... » Learn More about Is the San Fernando Valley Real Estate Market Slowing Down?
Private Mortgage Insurance Cost Jumps for Moderate Score Borrowers
Private Mortgage Insurance (PMI) companies have adopted a more serious stance on risk-based pricing. PMI companies are cherry-picking borrowers above a 760 credit score, and they are not that keen on insuring borrowers below 700. Looking at the typical PMI pricing for a 3% down loan, you will see ... » Learn More about Private Mortgage Insurance Cost Jumps for Moderate Score Borrowers
Success – Bill to Prohibit a Homebuyer’s Tax Introduced to Congress
A new piece of bipartisan legislation, H.R. 4893, the Risk Management and Homeowner Stability Act has been introduced. Congressman Mark Sanford (R-SC), joined by Congressmen Brad Sherman (D-CA) and Randy Neugebauer (R-TX), is seeking to amend the Budget Control Act of 1974. H.R. 4893 ensures that ... » Learn More about Success – Bill to Prohibit a Homebuyer’s Tax Introduced to Congress
Latest Case Shiller Index Showing Strong Price Gains in Los Angeles
The S&P Case Shiller Housing Index is a lagging index, but is more accurate than most of the other indexes. The 20-City Composite Home Price Index rose 5.4 percent in February. The Los Angeles index reflects a 0.7% monthly change and a 6.8% year over year increase. The monthly housing price ... » Learn More about Latest Case Shiller Index Showing Strong Price Gains in Los Angeles
California Real Estate March Sales and Pricing
California home sales rose from both the previous month and year to the highest sales pace in six months, while tight inventory levels push home prices higher. If you are in the Los Angeles region, have any questions or real estate sales or financing needs, feel free in contacting: Ron ... » Learn More about California Real Estate March Sales and Pricing